Finmarc Offloads Raleigh Retail Center for $80.6M

Principal Financial Group paid $80.6 million for a 383,000 square foot raleigh shopping center. Finmarc Management was the seller. Finmarc acquired the Capital Marketplace, then known as Plantation Point Shopping Center, in late 2021, and during the company’s five-year hold period, increased occupancy to 97.5 percent. CBRE’s Adam Russ, Erin Varol, Ryan Sciullo, and Casey...